Kate, an unmarried taxpayer with income exclusively from wages, filed her initial income tax return for Year
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Kate, an unmarried taxpayer with income exclusively from wages, filed her initial income tax return for Year 8. By December 31, Year 8, Kate's employer had withheld $16,000 in federal income taxes and Kate had made no estimated tax payments. On April 15, Year 9, Kate timely filed an extension request to file her individual tax return and paid $300 of additional taxes. Kate's Year 8 income tax liability was $16,500 when she timely filed her return on April 30, Year 9, and paid the remaining income tax liability balance
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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